- American Chamber of Commerce in Korea
- Your Partner in Business Since 1953
>
>
2024.04.12
Hyundai and GE Aerospace announce partnership on naval projects
Korea
JoongAng Daily - Korean shipbuilder HD Hyundai Heavy Industries said Thursday
it has partnered with U.S. industrial giant GE Aerospace for cooperation in
winning overseas navy projects.
HD
Hyundai Heavy Industries signed a memorandum of understanding with GE at Sea
Air Space 2024, a global maritime exposition held in Washington. The companies
intend to build world-class naval ships with marine gas turbines provided by
the U.S. firm for export, the company said in a statement.
GE
Aerospace was formerly called General Electric.
On
top of winning naval projects, the two companies plan to cooperate in the
maintenance, repair and overhaul (MRO) business for exported warships and
develop a next-generation naval vessel to bid for the Royal Australian Navy
frigate project, it said.
"By
combining our expertise in proven engine technology with HD HHI's shipbuilding
prowess, we are poised to deliver best-in-class vessels that are powerful and
efficient," Rita Flaherty, vice president in charge of global sales and
business development at GE, said in a statement.
The
partnership between HD Hyundai Heavy Industries and GE started from the Korean
Navy's Ulsan-class frigate back in the 1970s. In past decades, GE has been the
"most reliable" partner in gas turbine propulsion systems, the
statement said.
"The
latest MOU will help them expand their strong cooperation for the export
programs beyond the Korean Navy's programs," Joo Won-ho, head of the naval
special ship business unit at HD Hyundai Heavy Industries, said.
In
other partnerships, HD Hyundai Heavy Industries said it would cooperate with
U.S. defense industry firm L3Harris Technologies to win a submarine project in
Canada.
HD
Hyundai Heavy Industries is one of three affiliates of HD Korea Shipbuilding
& Offshore Engineering (HD KSOE), along with HD Hyundai Mipo Dockyard and
HD Hyundai Samho Heavy Industries.
Formerly
known as Hyundai Heavy Industries Holdings, HD Hyundai Heavy Industries has HD
KSOE as a subholding company under its wing.
American Chamber of Commerce in Korea
Address: 15Fl., Two IFC, 10, Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul 07326, Korea
Name of Representative: James Kim
Business Registration No: 771-82-00210
E-Commerce No: 2019-서울영등포-0027
Monday through Friday, 9:00am to 6:00pm (Closed on Korean Public Holidays.)
ⓒ 2023. American Chamber of Commerce in Korea. All Rights Reserved. Powed by WhateverSearch
240412_GE.png